Offered At: $2,900,000
Projected: $1,063,200.00 Gross Rent Projected: 8.11% Cap
Incredible Investment Opportunity in a Thriving Locale!
- Projected Gross Rent: $1,063,200.00 annually
- 64-unit property consisting of 1 & 2-bedroom apartments
- Average 1 bed ~575 sf and average 2 bed ~1100 sf
- 40 Parking Spaces with No Low-Income Housing Requirement
- Adaptive Reuse Project with Completed Foundation & Facade (Value: $1.1M)
- Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included
- Builder Ready to Provide Competitive Bids
This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Furthermore, the completed foundation and facade, along with comprehensive documentation and a prepared builder, streamline the acquisition process for potential buyers. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market!
This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
$1,063,200.00 Gross Rent
NOI: $843,212.00
8.11% Cap
Exterior Photos
Contact Us For A Showing Today!